Remarketing

ADESA Closes Florida Auctions Ahead of Irma

September 11, 2017
• by Staff

Photo of ADESA Atlanta courtesy of ADESA.

Five ADESA auctions remained closed Monday as Hurricane Irma moved through Georgia and Alabama, and two ADESA auctions in those states curtailed hours and staff, the KAR Auction Services unit announced.

ADESA auctions in Tampa, Sarasota, Orlando, Ocala, and Jacksonville didn't open on Monday. ADESA Atlanta closed at 1 p.m., and ADESA Birmingham opened but the facility was operating with limited staff.

ADESA Orlando planned to have its regularly scheduled consignment sale on Tuesday, while the Atlanta and Birmingham facilities remained on track to have consignment sales on Wednesday.

Sales of vehicles to commercial fleets from eight manufactures increased 8.8% to 743,210 in 2018, even with a weaker December, on the strength of sales of trucks, SUVs, and vans that accounted for nearly nine units out of every 10 sold.

The average price for used fleet vehicles fell 2% at auction in October, but remained 6.1% higher than a year ago amid a strong month for wholesale prices, according to Tom Kontos, KAR Auction Services' chief economist.

Vehicles from fleet consignors followed the broader used-vehicle market downward in September, as wholesale prices struggled to keep up with last year's hurricane-driven demand and a now robust upstream market, said Tom Kontos, KAR Auction Services' chief economist.